Foot Locker, Inc. (NYSE:FL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Foot Locker, Inc. (NYSE:FL) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,150 shares of the athletic footwear retailer’s stock after selling 9,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Foot Locker were worth $2,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank raised its holdings in Foot Locker by 432.8% during the fourth quarter. Huntington National Bank now owns 714 shares of the athletic footwear retailer’s stock worth $28,000 after purchasing an additional 580 shares in the last quarter. Private Capital Group LLC raised its holdings in Foot Locker by 80.3% during the second quarter. Private Capital Group LLC now owns 1,082 shares of the athletic footwear retailer’s stock worth $57,000 after purchasing an additional 482 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Foot Locker by 364.9% during the third quarter. Quadrant Capital Group LLC now owns 1,111 shares of the athletic footwear retailer’s stock worth $44,000 after purchasing an additional 872 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Foot Locker during the third quarter worth approximately $70,000. Finally, Signaturefd LLC raised its holdings in Foot Locker by 19.6% during the third quarter. Signaturefd LLC now owns 1,812 shares of the athletic footwear retailer’s stock worth $78,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.

Several equities research analysts recently commented on the company. Susquehanna Bancshares cut Foot Locker from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $47.00 to $41.00 in a report on Friday, January 10th. B. Riley reissued a “buy” rating and set a $60.00 target price on shares of Foot Locker in a report on Monday, November 25th. Citigroup boosted their target price on Foot Locker from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Raymond James dropped their target price on Foot Locker from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. Finally, Pivotal Research reissued a “buy” rating and set a $54.00 target price on shares of Foot Locker in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.30.

NYSE FL opened at $39.35 on Friday. The stock has a market capitalization of $4.16 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.90 and a beta of 0.92. Foot Locker, Inc. has a 1 year low of $33.12 and a 1 year high of $68.00. The business’s fifty day moving average is $39.17 and its two-hundred day moving average is $40.86. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.84 and a current ratio of 1.90.

Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, November 22nd. The athletic footwear retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.06. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Foot Locker had a return on equity of 21.66% and a net margin of 6.39%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, research analysts forecast that Foot Locker, Inc. will post 4.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Foot Locker’s dividend payout ratio is currently 32.27%.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.

Further Reading: Balance Sheet

Institutional Ownership by Quarter for Foot Locker (NYSE:FL)

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